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Protest blocks Vale's iron ore rail loadings in Brazil

  • : Freight, Metals
  • 25/03/11

Protesters blocked Vale's Carajas railway on 9 March, according to a letter by LBH Brasil port agency sent to market participants. The blockade may disrupt iron ore shipments to Ponta da Madeira in northern Brazil and weigh on Atlantic Capesize rates, as previously happened in December 2024.

"Vale's Carajás Railroads has been impacted since 9 March, 2025, due to an occupation by protestors. The occupation has disrupted rail traffic along the corridor. As of today, the railroad remains interrupted. There are currently no concrete indications of immediate operational impacts on cargo transport. We are closely monitoring developments to assess any potential effects and will keep you informed as new information becomes available," LBH said in its letter.

Brazilian iron ore exports fell in early December after a similar blockade of the Carajás railway.

This month shipments reached just 6.2mn t in the first three working days of the month despite the Carnival holidays, and are projected to reach 39.3mn t in March, 49pc up from 26.3mn t in the same month last year, according to preliminary data. But final volumes could be significantly lower if the blockade will continue.

Vale, the iron ore producer that owns this railway, has not commented.


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25/04/29

Trump tweaks tariff burden on US automakers

Trump tweaks tariff burden on US automakers

Washington, 29 April (Argus) — President Donald Trump's administration has offered to offset the 25pc tariff on foreign-made auto parts, scheduled to start on 3 May, and to exempt auto parts from any additional tariffs they face from other import taxes imposed in recent months. Trump, who today announced the change in tariffs ahead of a political rally in Michigan, a key US car manufacturing state, cast his decision in terms of giving US automakers a reprieve from his tariff policies. But as in other cases when he changed his mind on tariffs, the US auto industry will still face a substantial burden from import taxes imposed since Trump took office. Trump's 25pc tariffs on foreign cars went into effect on 3 April, and a 25pc tariff on imported auto parts was scheduled to go into effect on 3 May. Under an executive order Trump signed today, the auto makers can be partially refunded the cost of the tariffs on imported auto parts, subject to a cap of 15pc of the value of an assembled car until April 2026, dropping to a 10pc cap until April 2027. The refund cannot exceed 3.75pc of a car's manufacturer suggested retail price in the first year, dropping to 2.5pc in the second year. The idea behind the adjustment is to force US automakers to become wholly reliant on auto parts made in the US in the next two years, commerce secretary Howard Lutnick explained. In theory, at least, a US-made car that is made with 85pc domestic components would not face an additional tariff cost. A separate executive order clarifies that the tariffs on foreign-made cars and auto parts will not be calculated in addition to any other tariffs Trump has imposed on Canada and Mexico, and will not be counted on top of tariffs imposed on steel, aluminum and their derivative products. "This is just a little transition," Trump told reporters at the White House today, announcing the latest reversal of his tariff policy. "We're just giving them a little chance, because in some cases, they can't get the parts fast enough." By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US consumer confidence falls for 5th month in April


25/04/29
25/04/29

US consumer confidence falls for 5th month in April

Houston, 29 April (Argus) — US consumer confidence fell in April to the lowest level since the onset of the Covid-19 pandemic five years ago, and consumer expectations fell to the lowest since October 2011, according to a Conference Board survey released today. The consumer confidence index fell by 7.9 points to 86 in April, the fifth consecutive monthly decline and the lowest since the US was emerging from a brief recession in 2020 that was triggered by the pandemic and the related economic shutdown. The expectations index, based on US consumers' short-term outlook for income, business and labor market conditions, dropped by 12.5 points to 54.4, well below the threshold of 80 that usually signals a recession ahead. The three segments of the expectations index — business conditions, employment prospects and future income — "all deteriorated sharply, reflecting pervasive pessimism about the future", according to the Conference Board. "Tariffs are now on top of consumers' minds, with mentions of tariffs reaching an all-time high," the board said. "Consumers explicitly mentioned concerns about tariffs increasing prices and having negative impacts on the economy." The share of consumers expecting fewer jobs in the next six months was 32.1pc, nearly as high as in April 2009 during the Great Recession. The present situation index, based on consumers view of current business and labor market conditions, fell by 0.9 to 133.5. "High financial market volatility in April pushed consumers' views about the stock market deeper into negative territory", with 48.5pc expecting stock prices to fall in the next 12 months. Average expectations for US inflation levels in 12 months rose to 7pc, the highest since November 2022. The Conference Board is a non-partisan, non-profit think tank based in the US. Its monthly consumer confidence survey is based on an online sample of consumers. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

В ПГК сменился гендиректор


25/04/29
25/04/29

В ПГК сменился гендиректор

Moscow, 29 April (Argus) — Алексей Винников назначен генеральным директором Первой грузовой компании (ПГК), сменив на этому посту Олега Романова, говорится в официальном сообщении компании от 29 апреля. Романов, возглавлявший ПГК с августа 2024 г., в свою очередь, продолжит работать в этой компании на позиции первого заместителя генерального директора и отвечать за взаимодействие с РЖД. Изменения в команде топ-менеджмента обеспечат не только преемственность в работе компании, но и усиление экспертизы в оперировании благодаря внедрению новых идей и подходов, что особенно важно в условиях динамично меняющегося рынка, отмечается в пресс-релизе ПГК. Основными задачами Винникова станут укрепление позиций оператора на рынке грузовых железнодорожных перевозок и формирование стратегии развития компании на ближайшие годы. Я рад возглавить Первую грузовую компанию и намерен применять свои опыт и знания для реализации амбициозных целей, которые сегодня стоят перед нами, — приводятся слова Винникова в сообщении компании. В управлении ПГК находится около 100 тыс. вагонов, включая полувагоны и крытый парк, по информации участников рынка. Алексей Винников окончил Московский институт инженеров транспорта в 2007 г. С 2011 г. работал в департаменте корпоративных финансов РЖД, в 2011—2019 гг. занимал должность директора по экономике — начальника департамента экономики Федеральной грузовой компании, принадлежащей РЖД. С февраля 2024 г. по апрель 2025 г. возглавлял Атлант. Руководство Атлантом возьмет на себя материнская структура — функции единоличного исполнительного органа будут переданы лизинговой компании Трансфин-М, сообщили Argus в пресс-службе Атланта. В свою очередь, Трансфин-М с октября 2024 г. возглавляет бывший замминистра транспорта Иннокентий Алафинов. В управлении Атланта на момент публикации находится 63,9 тыс. различных вагонов, в том числе — 51 тыс. полувагонов, 9,8 тыс. крытых вагонов и около 3 тыс. единиц прочих родов, по данным компании. Источники на рынке оперирования полагают, что в ближайшем будущем стоит ожидать взаимной интеграции активов ПГК и Атланта, включая оперативный обмен парком, если это будет выгодно в той или иной ситуации. Обе компании не стали опровергать это предположение. В пресс-службе компании сообщили, что ПГК открыта для сотрудничества со всеми операторами для выполнения своих бизнес-задач и удовлетворения потребностей клиентов. В то же время в Атланте отметили, что компания взаимодействует с операторами грузового подвижного состава для эффективного выполнения своих бизнес-задач для повышения эффективности клиентов. Константин Мозговой ___________________ Больше ценовой информации и аналитических материалов о рынке транспортировки навалочных, генеральных грузов и контейнеров — в ежемесячном отчете Argus Логистика сухих грузов . Подписаться на аналитический дайджест Вы можете присылать комментарии по адресу или запросить дополнительную информацию feedback@argusmedia.com Copyright © 2025. Группа Argus Media . Все права защищены.

Japanese ferrous scrap exports remain strong in March


25/04/29
25/04/29

Japanese ferrous scrap exports remain strong in March

Shanghai, 29 April (Argus) — Japan's ferrous scrap exports dipped slightly in March, but overall volumes remained high on weaker domestic scrap demand in Japan. Exports totalled 645,000t, down by 3pc from February, but still 25pc higher than a year earlier, according to Japan's customs data. Total exports in the first quarter rose by 17pc on the year to 1.87mn t. Shipments to South Korea continued to decline and local mills faced pressure from low-priced steel imports and a sluggish construction sector. South Korean mills were largely focused on domestic purchasing and fulfilling long-term contracts with Japanese suppliers, and avoided spot purchases, according to market sources. Vietnam remained Japan's largest scrap buyer, with volumes rising by 23pc on the year to 839,000t in the first quarter of 2025. Scrap and steel demand in Vietnam rebounded as construction activity picked up after the lunar new year and steelmakers entered the seaborne market to restock. Exports to Bangladesh tripled in January-March compared with 2024, signalling strong growth potential in south Asia. Shipments to India also surged, rising from 10,663t in January-March 2024 to 61,693t in 2025. Japanese suppliers increasingly targeted new markets in the face of weakening demand from traditional export destinations. Japanese scrap exporters are expected to stay active in overseas markets on weakening domestic demand. Japan's ministry of economy, trade and industry (Meti) forecasts ordinary steel demand from the construction sector to fall to 3.9mn t in April-June, a 2.4pc decline on the year. Japan's ferrous scrap exports t Country Mar-25 m-o-m % ± y-o-y % ± Jan-Mar y-o-y % ± Vietnam 287,684 -4.2 37.0 838,562 22.6 South Korea 111,958 -4.3 -28.6 353,564 -24.7 Bangladesh 102,276 0.1 133.7 274,023 200.4 Taiwan 63,150 25.2 78.7 142,811 1.5 Others 80,183 -15.7 14.5 257,706 20.7 Total 645,251 -3.0 25.1 1,866,667 16.7 Source: Japan customs Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Indonesia imposes new nickel royalty rates


25/04/29
25/04/29

Indonesia imposes new nickel royalty rates

Singapore, 29 April (Argus) — The Indonesian government has implemented new royalty rates, also known as the non-tax revenue or Penerimaan Negara Bukan Pajak (PNBP) for nickel products, effective from 26 April. Some of the effective royalty rates were slightly adjusted from the previous proposal on 8 March. The PNBP royalty rate for nickel ore remained the same as the proposal, which was revised from a fixed 10pc to a range of 14-19pc, depending on the Harga Mineral Acuan (HMA) nickel price — the reference price for nickel ore. Implemented nickel pig iron (NPI) royalty rates were also as proposed at 5-7pc, depending on the HMA, from a flat rate of 5pc. The Indonesian government set the new royalty rate for ferronickel at 4-6pc, a slight drop from the proposed 5-7pc but an increase from the previous fixed 2pc. Royalty rates of nickel matte were similarly imposed lower at 3.5-5.5pc, down from the proposed 4.5-6.5pc but higher than the previous 2-3pc. Royalty rates for nickel mixed-hydroxide-precipitate (MHP) were newly introduced at a flat rate of 2pc. The new royalty rates are expected to increase production costs in the longer term but is likely to have limited immediate impact on prices. The nickel industry and government are in ongoing discussions over profitability concerns and possibility of delaying the implementation, but other details could not be confirmed. Nickel royalty rates HMA nickel ($/t) Proposal on 8 March (%) Implemented rates (%) Nickel ore <18,000 14.0 14.0 18,000 < 21,000 15.0 15.0 21,000 < 24,000 16.0 16.0 24,000 < 31,000 18.0 18.0 ≥ 31,000 19.0 19.0 NPI <18,000 5.0 5.0 18,000 < 21,000 5.5 5.5 21,000 < 24,000 6.0 6.0 24,000 < 31,000 6.5 6.5 ≥ 31,000 7.0 7.0 Ferronickel <18,000 5.0 4.0 18,000 < 21,000 5.5 4.5 21,000 < 24,000 6.0 5.0 24,000 < 31,000 6.5 5.5 ≥ 31,000 7.0 6.0 Nickel matte <18,000 4.5 3.5 18,000 < 21,000 5.0 4.0 21,000 < 24,000 5.5 4.5 24,000 < 31,000 6.0 5.0 ≥ 31,000 6.5 5.5 MHP Flate rate - 2.0 Source: Indonesian government Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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